[Debit] Cash / bank
[Credit] Fee income
If you actually received the cash then the entry would be Cash Interest Revenue if you haven't yet received cash and are recognizing the interest income.. Interest Receivable Interest Revenue
debit cash / bankcredit indemnity income etc
Cash A/C Dr To Rent Received in Advance A/C
Journal entry:[Dr.]Bank account xxxx[Dr.]Cash account xxxxx[Cr.]Commission Received xxxxCommission received is credited because it is our income and incomes are credited.
Rent Received Account Dr To Cash/ Bank
If you actually received the cash then the entry would be Cash Interest Revenue if you haven't yet received cash and are recognizing the interest income.. Interest Receivable Interest Revenue
Income will only be recorded when it will received an no entry on contract.Entry at time of received:[Debit] cash / bank[credit] income
debit cash / bankcredit indemnity income etc
income recived a/c dr to unearned income
Cash A/C Dr To Rent Received in Advance A/C
Journal entry:[Dr.]Bank account xxxx[Dr.]Cash account xxxxx[Cr.]Commission Received xxxxCommission received is credited because it is our income and incomes are credited.
Rent Received Account Dr To Cash/ Bank
Fees A/c Dr. To Cash A/c Cr.
Debit Receivables Credit Income/Sales when cash is received: Debit Cash Credit Receivables
Basic entries are as follows: Debit Bank Cash Book account with the Cash amount received Credit Rental Income account with Cash amount received
Debit cash / bankCredit other income
debit cash receivedcredit accounts receivable